HeI short sold a property in March 2010. I had a first with Chase/Fannie Mae and a junior HELOC with Wells Fargore is my question

For FHA you need 3 years from the foreclosure / short sale to qualify for a new mortgage... For conventional financing, 2 years for a short sale with 10% down... Foreclosure The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com